Mozambique’s Prime Minister, Carlos do Rosário, has thanked China for its technological support and has praised existing co-operation between the two countries, China Radio International (CRI) reported.

The Government of East Timor last week signed a loan agreement with the Export-Import Bank of China (China EXIM Bank) giving the Southeast Asian nation access to a US$50-million concessional loan. It would be used to build and upgrade the drainage system of the capital Dili, East Timor’s Ministry of Finance has announced.

Brazil’s economy will this year have contracted 3.3 percent, but the rate of decline is likely to slow in 2016, to 2.6 percent, said the country’s National Confederation of Industry (known as CNI under its Portuguese language acronym).

Cape Verde’s Prime Minister, José Maria Neves, has called on governments within the Community of Portuguese-speaking Countries (CPLP under its Portuguese language acronym) to “work together” with the private sector to enable financing for small- and medium-sized enterprises in those nations.

Angola is expanding its long-term sales to China of oil via a 10-year agreement between state-owned companies of the two nations, news agency Reuters reported on Wednesday.

Mozambique’s central bank raised on Monday its benchmark interest rate to the highest level since 2012 in a bid to curb soaring inflation in the African country, financial news agency Bloomberg reported.

China’s economic growth will slow to 6.8 percent year-on-year in 2016 compared to this year’s likely 6.9 percent expansion, the People’s Bank of China said in a research report published on Wednesday

Angola and China are to enhance bilateral ties on legislative and political issues, and boost private sector co-operation regarding geology and mining, Angolan news agency Angop reported.

China’s outbound direct investment (ODI) in non-financial fields reached US$104 billion in the first 11 months of this year, up by 16 percent from the same period in the previous year, the Chinese Ministry of Commerce said on Tuesday.

The Macao Trade and Investment Promotion Institute (IPIM) will set up a representative office in Lisbon, Portugal and one in São Paulo, Brazil in the second or third quarter of 2016, local newspaper Macao Daily News reported on Tuesday.

Angola is aiming to strengthen co-operation with China in the mining sector, the Angolan press reported this week.

The Chinese economy is showing initial signs of recovery in the wake of a series of government support measures, the National Bureau of Statistics of China said last week.